Most states and nations peg their tax on the assessed value of your property or home. Not always is the tax value the of your property correct. This may arise from errors from the property assessors. This being so it is always important to assess the assessment report in order to establish that the contents contained therein are correct. This will save you from incurring high property tax bills that would have eventually be unnecessary. Ensure you follow the necessary steps on how to appeal property taxes Dekalb county to avoid increasing your bill when you eventually sought to have it slashed.
The main objective of the appeal is to get a lower tax bill compared to the one you have. For you to do this you will have to prove to the taxman that your or home is worth less than what the assessors had valued it to be it worth initially. Conduct an in-depth research on the market values of the properties in your region online or by contacting a real estate agent in your area to establish the current house values in your area.
The valuation letter you receive from the local government outlines the data the assessing officer used to come up with the value of your estate. Ensure you study and understand the assessment information in order to ascertain whether there is a need to appeal their findings. They usually provide you with a grace period through which you should file your relief.
The appeal period can run for months after you file one. It is, therefore, important to establish whether the application is worth the time. The main reason for doing so will be to find out whether the amount of the tax decrease is worth the time you will spend in the process. Most house values are in the range of 1% of the house value. If you cannot manage to have your home value decrease by over 15 then it would not be worth the time.
By inspecting their valuation data, it is possible to identify where they went wrong in their valuation. The number of places and units in your property should correspond to the data itemized in your assessment letter. If they are not you should challenge their valuation immediately on why you are being overtaxed.
You are still building your case so take your time and look for 2-5 comparison properties. They should all be within your locality and have the same properties as your property. Enquire around about their recent tax bill. You can as well conduct a search on them in the tax database. If you find any difference where your bill is higher than the rest, proceed to the next step of the application.
Once you have all the information, go ahead and call your local assessor and present your case. If either the parties are not satisfied it will be advisable to request for a formal review assessment. Make sure you pay attention to the deadlines. You will in most cases receive a decision in writing.
If the review fails then it would be necessary to appeal to an independent board. Usually, you will be charged a fee for filing the appeal. It is important to be aware that the appeal may take up to a year before you get a determination.
The main objective of the appeal is to get a lower tax bill compared to the one you have. For you to do this you will have to prove to the taxman that your or home is worth less than what the assessors had valued it to be it worth initially. Conduct an in-depth research on the market values of the properties in your region online or by contacting a real estate agent in your area to establish the current house values in your area.
The valuation letter you receive from the local government outlines the data the assessing officer used to come up with the value of your estate. Ensure you study and understand the assessment information in order to ascertain whether there is a need to appeal their findings. They usually provide you with a grace period through which you should file your relief.
The appeal period can run for months after you file one. It is, therefore, important to establish whether the application is worth the time. The main reason for doing so will be to find out whether the amount of the tax decrease is worth the time you will spend in the process. Most house values are in the range of 1% of the house value. If you cannot manage to have your home value decrease by over 15 then it would not be worth the time.
By inspecting their valuation data, it is possible to identify where they went wrong in their valuation. The number of places and units in your property should correspond to the data itemized in your assessment letter. If they are not you should challenge their valuation immediately on why you are being overtaxed.
You are still building your case so take your time and look for 2-5 comparison properties. They should all be within your locality and have the same properties as your property. Enquire around about their recent tax bill. You can as well conduct a search on them in the tax database. If you find any difference where your bill is higher than the rest, proceed to the next step of the application.
Once you have all the information, go ahead and call your local assessor and present your case. If either the parties are not satisfied it will be advisable to request for a formal review assessment. Make sure you pay attention to the deadlines. You will in most cases receive a decision in writing.
If the review fails then it would be necessary to appeal to an independent board. Usually, you will be charged a fee for filing the appeal. It is important to be aware that the appeal may take up to a year before you get a determination.
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